In: Economics
Pros of team and group decision making :
Group decision making takes advantage of diverse strengths of the memders. BY tapping the unique qualities of group members , group can generate greater number of alternatives and of higher quality. And this leads to superior solution than under individual decision making. Group decision making also leads to greater colllective understanding of the course of action chosen and it is also possible that many members affected by the decision implementation, therefore this actually indiactes the input into the decision. And this may also promote a sense of ownership of the decision.
Cons of team and group decision making:
Groups are generally slower to arrive at decisions than individuals and because of this it is very difficiult to utilitze them in situaions where decisions must be made very quickly. Group decision making also leads to deterioration of mental efficiency, reality testing and moral judgement which results from group pressures.
Group polarisation is also one disadvantage of group decision making . It is the tendency of the group to converge on more extreme solutions.